The euro/dollar on Friday closed down. The ECB’s head economist Peter Praet hinted at a possible extension of their current monetary stance. The euro found a support at 1.1255. From here the rate restored to 1.1306. US stats helped it to restore to this level. The strengthening underwent some interference from the euro/pound which had fallen from trade close in the US. Preliminary figures for US consumer confidence in the university of Michigan’s index for March stood at 90.0 (forecasted: 92.2, previous: 91.7). Market Expectations: Today is Monday: correction day. There isn’t much news out. We could even say that the ... (full story)